Ursa is a large, 15,880 ha property located 43 km northwest of Cameco Corp.’s McArthur River uranium mine (Figure 2). The property is located along the interpreted Cable Bay shear zone and is characterized by a prominent linear zone of low magnetic susceptibility that trends to the northeast. This zone of low magnetic susceptibility likely indicates the presence of graphitic metasediments and associated brittle faults, which are often associated with uranium mineralization in the Athabasca Basin. The property has never been drilled, but nearby drilling suggests the depth to the sub-Athabasca unconformity is 750 m to 900 m.